Billerud AB (publ) (OTCMKTS:BLRDF) Short Interest Up 162.4% in May

Billerud AB (publ) (OTCMKTS:BLRDF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 280,344 shares, an increase of 162.4% from the May 14th total of 106,823 shares. Based on an average trading volume of 189 shares, the short-interest ratio is presently 1,483.3 days.

Billerud AB (publ) Price Performance

BLRDF stock opened at $7.41 on Friday. Billerud AB has a fifty-two week low of $6.41 and a fifty-two week high of $11.50. The firm’s 50-day simple moving average is $7.59 and its 200 day simple moving average is $8.56.

About Billerud AB (publ)

Billerud AB (publ) is a Sweden-based pulp and paper company specializing in sustainable packaging materials and solutions. The company produces a range of fibre-based products, including containerboard, corrugating medium, sack kraft paper and speciality paper. Through its integrated production network, Billerud AB supplies raw materials and finished solutions to customers in the consumer packaging, e-commerce, food service and industrial sectors.

The roots of Billerud AB date back to the establishment of the Gruvön mill in 1647 and the Korsnäs operations in the mid-19th century.